Chi 驰 (David) Zhang 张 (PhD, Economist NDB) on RMB for dev. financing & more

Chi 驰 (David) Zhang 张 (PhD, Economist NDB) will lay the groundwork for his LPFMI interaction on Wed. 21. Jun. 2023 by presenting on China Development Strategy & Development Financing via Emerging Market Currencies in A High-Interest US Dollar Environment. Discussant is going to be Aleksandar Stojanović (PhD, Assistant Professor NYU SH).

Key points David will address are going to be

• A Glimpse at China’s Development Strategies from 2023 to 2027 &
• The U.S. dollar interest rates have been rising rapidly since 2022, while they are unlikely to return to the ultra-low levels seen in 2020-2021 in the near term
• Rising interest rates are pushing up the U.S. dollar financing costs for development financing institutions (DIFs) in developing countries
• Emerging market (EM) currencies, such as the RMB, have the potential to provide alternative financing vehicles for DFIs
• Multilateral development banks (MDBs) established by developing countries can contribute to the exploration of new DFI financing models supported by emerging market currencies

FYI, we are organizing an upcoming two-day in person event Wed. 21. & Thu. 22. Jun. 2023 in Frankfurt at Goethe University and at the European Central Bank respectively. Deadline for application will be 30. Apr. 2023, comfortably after the end of this one-day intro series. More information about the upcoming in person event and how to apply, please see below.

More information
https://ysi.ineteconomics.org/project/640874043d9a991b5e5fb87b/event/6408830b3d9a991b5e5fc0fd

Apply here
https://fs8.formsite.com/CNZLjX/1tgciley2z/index